Saved Bookmarks
| 1. |
Types of inter corporate deposits |
| Answer» Types of Inter-corporate Deposit (ICD)(i) Call Deposits It is a deposit which can be withdrawn by the lender. The annual interest rate is 10%.(ii) Three Months Deposit It is used to tackle short-term needs of funds such as payment of tax, payment of dividend, etc. The annual interest rate is around 12 %.(iii) Six Months Deposit It is usually made with first class borrowers. The annual interest rate is around 15%. | |